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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Sep. 30, 2017
Assets    
Cash $ 1,054 $ 871
Interest earning deposits with banks 13,760 21,463
Total cash and cash equivalents 14,814 22,334
Investment securities - available for sale, at fair value 23,071 11,815
Investment securities - held to maturity, at amortized cost (fair value of $33,787 and $51,241 at December 31, 2017 and September 30, 2017, respectively) 34,510 51,368
Federal Home Loan Bank of New York stock, at cost 2,002 2,002
Loans receivable, net of allowance for loan losses of $3,537 and $3,475 at December 31, 2017 and September 30, 2017, respectively 478,201 470,693
Bank owned life insurance 11,621 11,550
Accrued interest receivable 2,027 1,929
Premises and equipment, net 17,457 17,567
Other real estate owned ("OREO") 10,744 11,056
Other assets 2,313 2,730
Total assets 596,760 603,044
Liabilities    
Deposits 507,454 515,201
Escrowed funds 2,075 1,937
Federal Home Loan Bank of New York advances 31,905 31,905
Accrued interest payable 135 105
Accounts payable and other liabilities 5,347 4,439
Total liabilities 546,916 553,587
Stockholders' equity    
Preferred stock: $.01 Par Value, 1,000,000 shares authorized; none issued
Common stock: $.01 Par Value, 8,000,000 shares authorized; 5,923,742 issued; 5,820,746 shares outstanding at December 31, 2017 and September 30, 2017 59 59
Additional paid-in capital 26,295 26,289
Treasury stock: 102,996 shares at December 31, 2017 and September 30, 2017, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (459) (492)
Retained earnings 26,086 25,757
Accumulated other comprehensive loss (985) (1,004)
Total stockholders' equity 49,844 49,457
Total liabilities and stockholders' equity $ 596,760 $ 603,044